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10 Jul 2019, Radoslav Yordanov, EMIS Editor

Argentina-Brazil trade hits $1.677 bn in June

Bilateral trade between Argentina and Brazil dropped 34.2% year-on-year to USD 1.677bn in June, El Cronista reported. The decline is mainly explained by the weak Argentine imports and exports to its neighbour.

Argentina’s purchases from Brazil plummeted 44% y/y to USD 849mn during the month of reference, while its exports to this country fell 19.7% y/y to USD 828mn.

As a result, Argentina recorded a trade deficit with Brazil for the second consecutive month. Despite the decline of the bilateral trade, Argentina ranks as Brazil’s third biggest trading partner.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: El Cronista